Tasmanian Consolidated Acts Tasmanian Consolidated Acts
(1) Subject to subsection (2), a licensee may surrender his or her licence at any time by giving the Minister written notice to that effect.
(2) However, if the register includes a notation that a person has a financial interest in the licence or a water allocation of the licence, the surrender is not effective unless it has the written consent of that person.
(3) On the surrender, a water allocation of the licence vests in the Minister.